Edgeworth's Profile

To track my net worth and to have a tool to compare with, and learn from, others who want to grow wealth.

Best Financial Decision

Two best decisions: (1) learning to live below my means, and knowing that I save while others fritter away their money on stuff that doesn't matter; (2) reading "Your Wealth-Building Years" by Adriane Berg, right as I was starting my career. I followed her advice and she taught me the value of time in growing wealth (i.e. Rule of 72).

Worst Financial Decision

Investing in Enron and a couple of small-company investments I knew little about.

Current Investing Strategy

Save, live below my means, use index funds

How do you manage your finances?

I save a large portion of my income and invest it regularly in a series of low-cost index funds, using a single well-known investment adviser web platform.

What tools do you use?

Personal Capital, and this site (since Net Worth IQ has become so clunky, unsupported and soooo 2005....)

"The Millionaire in You" by Michael LeBoeuf. Out of print, but it's a great financial and life tool. (Buy it used on Amazon.com.) It's simple and straightforward, and has been instrumental in helping me to grow my net worth. And "Your Wealth-Building Years" by Adriane Berg, as mentioned above.